Out of State 4 bed 1 ba Buy & Hold Home

[Stephanie Freed]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000
Cash invested: $55,698

Nice and clean 4 bedroom 1 bath 1193 square foot home with hardwood floors, remodeled bathroom, eat in kitchen lovely finished basement in nice neighborhood and close to hospital.

What made you interested in investing in this type of deal?

Its in a nice neighborhood, new roof, newer HVAC and new windows a clean and neat home with no renovations necessary to offer a nice quality home for rent. It was leased within 3 days of COE!

How did you find this deal and how did you negotiate it?

Through my trusted real estate agent that I have been working with since late 2017 in the local area.

How did you finance this deal?

Cash

How did you add value to the deal?

No renovations necessary!

What was the outcome?

I'm very pleased with this home. It was leased within 3 days of closing escrow!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes!